Tullow gains entry to two Peru offshore licenses
LONDON – Peru’s government has approved Tullow’s entry into two offshore licences, Z-38 and Z-64.
The company and Karoon Gas plan an exploration well early next year on Z-38, which may target the Marina prospect.
Off Guyana, Tullow plans to drill two back-to-back exploration wells on the Orinduik license once the drillship Stena Forth has arrived from Ghana.
The first well will target the Lower Tertiary Jethro prospect. Drilling should start at the end of June and take around 40 days to complete.
Across the Atlantic, the company has withdrawn from the license for block C-18 offshore Mauritania following interpretation of 3D seismic.
Offshore Ghana, the drillship Maersk Venturer will complete the current Enyenra-14 production well for the TEN field development, another Jubilee field producer and an Enyenra water-injector, before switching to drilling operations over the remainder of the year.
Tullow expects to achieve gross production from the two fields of around 180,000 b/d later in 2019.